For all that we Canadians complain about the weather, the taxes we pay or our economy, we are amazingly fortunate to live in Canada. And for those of us who run a small business, we have even more blessings. Yes, we have red tape and municipal governments and provincial governments and a federal government ... and they all want a piece of us. Despite all of this, the World Bank ranks Canada as one of the best countries in the world for the ease of doing business. In fact we rank # 13 of 183 countries. And we are the third best place to start a business, after New Zealand and Australia.. The US ranks # 13. It looks like the main reason we did not rank higher overall was our really poor score in "Getting Electricity". According to the World Bank, we rank # 156th in the world in that category...just ahead of Bosnia & Herzegovina and just behind Venezuela. Even Liberia ranks ahead of Canada! The evaluators didn't have a very good business plan!
I get asked that question every day. Like any good business consultant, and I am a good consultant :-) , I answer that question with the only possible answer: It depends.
The cost of a business plan bears a strong relationship to the amount of work that's necessary to produce the business plan.
You have to speculate to accumulate.
Business is all about taking risks. Smart business people understand that life is a risky business. A finite (but small) percentage of people slip as they get out of bed and bruise themselves on the floor. Does this mean that you shouldn't get up? Of course not. The risk is small and the rewards are high...breakfast!
Provincial Nominee Program - Business Plans
Canada is a nation that has depended and is still dependent on immigrants. One avenue from immigration to Canada is to apply as a business immigrant. Some of the business immigration requirements for British Columbia (BC) are for the person to either create or invest in a business that will add value to our society by creating employment.
I've been having a fun couple of weeks wrestling with domains. It is really important that your domain name is similar to the name of your business. It's so important that I advise my business plan clients to search for and register all "dot" com and "dot" ca domains that are a close match for their business type, and geographical location, in addition to the business name. Domain names cost about $10 a year, so protecting your business from "cyber-squatters" can be cheap insurance.